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  2. Arkansas car insurance laws: What you need to know - AOL

    www.aol.com/finance/arkansas-car-insurance-laws...

    In Arkansas, as of July 2024, the average cost of car insurance is $2,156 per year, or $179 a month, for a full coverage policy and $431 per year, or $36 a month, for a minimum coverage policy ...

  3. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    When buying an automobile, if one trades in a car, the state deducts the price of the trade when calculating the sales tax to be paid on the automobile (e.g., purchasing a $40,000 car, and trading a $10,000 car, a person would be taxed on the difference of $30,000 only, not the full amount of the new vehicle).

  4. Can I Legally Avoid Paying Taxes on a Used Car? - AOL

    www.aol.com/legal-way-avoid-paying-sales...

    The used car sales tax is the state’s tax rate (7.25%) plus the city’s rate (2.25%), for a total of 9.5%. If you spend $20,000 on a used car, you’re paying $1,900 in sales tax.

  5. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    Different levels of coverage may protect consumers depending on which insurance policy they purchase. Coverage is sometimes seen as 20/40/15 or 100/300/100. The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage.

  6. Sales tax - Wikipedia

    en.wikipedia.org/wiki/Sales_tax

    Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...

  7. Is car insurance tax deductible? - AOL

    www.aol.com/finance/car-insurance-tax-deductible...

    Car insurance can only be claimed as a tax deduction in specific circumstances. It can’t be deducted for personal vehicles, but if your vehicle is used for business, you might be able to include ...

  8. Electronic lien and title - Wikipedia

    en.wikipedia.org/wiki/Electronic_Lien_and_Title

    For example, in Ohio, a vehicle owner who wishes to sell a car that has an ELT must first have the lien released by paying the lienholder the remaining amount owed on the lien. The lienholder then releases their lien electronically which allows the customer to pick up the title directly from the Ohio BMV on the following business day. Some ...

  9. Before sharing your car: Does your auto insurance cover guests?

    www.aol.com/finance/auto-insurance-lending-car...

    A car insurance policy primarily follows the insured car, not the driver. This means your insurance policy provides the main coverage when someone borrows your vehicle, with their auto insurance ...

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